Overview
- The company reported record third-quarter results on Oct. 15 with revenue of about NT$1,494.24 billion ($46.7 billion) and net income of NT$763.06 billion ($23.6 billion), strong year‑over‑year gains that beat prior guidance.
- TSMC said high‑performance computing and AI accelerators drove the surge, making up roughly 68% of net revenue while advanced nodes (7nm and below) accounted for about 79% of wafer sales and 3nm alone was about one‑third of wafer revenue.
- Management reaffirmed a $60–$64 billion capex plan for 2026 and signaled multiyear spending that will exceed 2023–2025 totals, with nearly 20 fabs under development worldwide including major projects in Taiwan, Arizona and Japan.
- Gross margin slipped to 66.4% in Q3 as 2nm/3nm node ramps and overseas builds raised costs, and TSMC expects further margin dilution from moving production abroad; investors are focused on Q4 delivery and the risk that new plants miss schedules or run below planned utilization.
- What to watch next: whether Q4 revenue hits the $52.3–$54.3 billion guidance, the timing and scale of 2nm and expanded 3nm capacity, sustained spending by a small set of large customers, and how geopolitical or macro shifts could affect factory utilization and profits.